Secure electronic transaction solutions provider Keycorp Limited (ASX: KYC) today announced that Inteligensa had launched Keycorp's MULTOS product range to its Latin American customers.

MULTOS is a leading smartcard platform used by nearly one hundred financial institutions worldwide.

Keycorp's range includes products from the SDA MULTOS step/one to high end 64K DDA MULTOS and a range of contact/contactless new products to address emerging markets such as MasterCard Paypass and e-passports.

A report compiled by analyst firm Frost & Sullivan in August 2005 estimated annual smartcard shipments in Latin America at 136.4 million last year with a forecast CAGR of over 59 per cent through to 2010.

Although the report said 86.4 per cent of current shipments were mobile phone SIM cards, it said there would be a steady growth in chipbased banking and payment cards as well as government ID cards and access control cards.

"Keycorp is proud to include Inteligensa as a value-added card manufacturing partner for the Central and South American market as well as the Caribbean,” said Richard Cusson, General Manager of Keycorp's Smartcards Business Unit.

“Keycorp's long experience in EMV migration and secure smartcard projects combined with Inteligensa's unique understanding of the Latin American market and customers as well as its successful track record makes this a very powerful value proposition for the card issuers in the region.”

Venanzio Cipollitti, president of Inteligensa, said: “This association with Keycorp will allow us to offer our clients a smart cards solution that best adapts to their needs”.

About Keycorp Keycorp Limited (ASX: KYC) is a global provider of secure electronic transactions: with solutions from smartcards and point-of-service transaction systems to payment engines and managed services. Keycorp’s electronic payment terminals include smartcard-capable online and offline terminals capable of processing credit, charge, debit and stored value transactions. The terminals are designed for use at a retail point of sale, over the phone, in mobile environments or via the Internet, and can communicate with host systems via fixed or mobile communications. Keycorp is a founding member of the MULTOS consortium, which has responsibility for developing the MULTOS multi-application smartcard operating system. Keycorp develop and distribute smartcard operating systems such as MULTOS, as well as smartcard applications. Keycorp’s e-commerce platform delivers secure and truly end-to-end online transaction processing interfacing services like IVR (integrated voice response), call centres, mail, telephone or fax ordering and Internet based transactions. For further information see: http://www.keycorp.net or contact: Narelle Behn-Carey Marketing Communications Manager Keycorp Limited Tel: + 61 2 9414 5314 Fax: + 61 2 9415 1363 Email: nbehncarey@keycorp.net Jeff Bird Principal Bird & Hill Public Relations Pty Ltd Tel: + 61 2 9954 0555 Fax: + 61 2 9954 3944 Email: jbird@birdhillpr.com

About Inteligensa Inteligensa works on the development and implementation of systems and secure networks for payments and identification, centralising its efforts in the technological integration of their products and services. Since founded in 1987, Inteligensa has been characterised for developing innovative solutions and adding business differential in all its products, including: cards, personalisation, software and POS systems. For further information see: http://www.inteligensa.com http://www.intelcav.com.br